Regards,
@twnpopcards wrote:
@crappielures2222 wrote:I have been selling on eBay for over 13 years, I've seen prices go down, now it looks like Ebay is shutting down. Sales have gone to Hell ???? What has happened to eBay???? Is eBay shutting down ????
What has happened is that Ebay has cut down considerably or almost completely their marketing for the company, instead deciding to focus on getting more money from their existing Sellers even though sales are dropping. After they announced their 1st quarter numbers the CEO stated that they expected the lower numbers due to the cut in marketing (advertising) expenses. He also stated that Ebay is looking to additional revenues from existing Sellers through the use of Promoted Listings and also their Managed Payment platform. In other words they are counting on more and more Sellers joining the Promoted Listings program as they get frustrated with not getting any sales without it. The trending additional FVF that sellers in the program are paying appear to range from 4.65% 11.0% depending on what category you are in. This is in addition to the 10% FVF that Ebay already charges. In other words if you do not pay additional money for your items to be seen, your sales will probably to drop like a rock.
One account did that despite using the regular quarterly Promoted Listing Campaign but the decline corresponded more with the GTC mandate then anything else. that program has proven to be a complete FAIL, eBay knows it but they have no clue how to dig themselves out of that mistake ... too bad they won't step up and own it. They ar epointing the finger at other things when in reality they have botched their business pretty bad ... I'm not sure if its at the point of no return but I think they can see it from there.
@twnpopcards wrote:
@mr_lincoln wrote:
@twnpopcards wrote:
@crappielures2222 wrote:I have been selling on eBay for over 13 years, I've seen prices go down, now it looks like Ebay is shutting down. Sales have gone to Hell ???? What has happened to eBay???? Is eBay shutting down ????
What has happened is that Ebay has cut down considerably or almost completely their marketing for the company, instead deciding to focus on getting more money from their existing Sellers even though sales are dropping. After they announced their 1st quarter numbers the CEO stated that they expected the lower numbers due to the cut in marketing (advertising) expenses. He also stated that Ebay is looking to additional revenues from existing Sellers through the use of Promoted Listings and also their Managed Payment platform. In other words they are counting on more and more Sellers joining the Promoted Listings program as they get frustrated with not getting any sales without it. The trending additional FVF that sellers in the program are paying appear to range from 4.65% 11.0% depending on what category you are in. This is in addition to the 10% FVF that Ebay already charges. In other words if you do not pay additional money for your items to be seen, your sales will probably to drop like a rock.
One account did that despite using the regular quarterly Promoted Listing Campaign but the decline corresponded more with the GTC mandate then anything else. that program has proven to be a complete FAIL, eBay knows it but they have no clue how to dig themselves out of that mistake ... too bad they won't step up and own it. They ar epointing the finger at other things when in reality they have botched their business pretty bad ... I'm not sure if its at the point of no return but I think they can see it from there.
Agreed that GTC change has not helped things out either. If you are waiting for Ebay to claim that they made a mistake, you will be waiting a very long time as they have no intention of ever admitting they do not know what they are doing. If GTC fails and Ebay has to finally admit it and change things again, you know they will point the finger at the Sellers being responsible for the lack of sales. It happens this way every time as Ebay will never admit they are wrong.
Yes, I agree with you. They did however get close when they said they "think" GTC listings with their View and Watch count history will help sell things ... but when I can chart the 90% collapse of an account in a 6 week period with the GTC mandate roll out and chart the % drop of GTC listings that sell then it's pretty clear they were and a continue to be wrong. Even the main account now is seeing GTC sales steadily drop ... from 46% to 36% to 24% (month to month) is pretty significant in my book when the split between Auctions and Fixed Price were consistent prior to GTC.
So I am adjusting listing strategy in an effort to stave off the total collapse of both accounts ...
